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AGP Executive Report

Last update: 9 hours ago

Electricity Crisis & Grid Modernisation: President Irfaan Ali admits blackouts can’t be instantly ended, blaming demand growth and legacy infrastructure, while GPL pushes a US$20m smart upgrade at the Guyana National Control Centre to speed fault response and switching. Power Reliability Pressure: Former minister David Patterson warns GPL is running with only ~5% spinning reserve versus the 15–20% needed, leaving the system exposed to cascading outages. Economic Growth, Cost-of-Living Reality: Guyana’s economy grew 33.3% in H1 2026 (non-oil 10.1%), but the mid-year report shows food prices up 6.7% and consumer prices up 4.4%, with agriculture and mining facing setbacks. Labour Market Gains: Unemployment fell to 6.2% and 156,000 new jobs were created as the labour force expanded. Housing & Infrastructure Spend: CH&PA met contractors on a Saudi-funded Region 3 housing works package (~$9.1b) targeting 3,800 lots, while government awarded $2.4b for market upgrades in Regions 3 and 4. Oil Deal & Energy Security Debate: Ali says Guyana won’t be “squeezed” by Exxon but calls the PSA “bad,” and discusses building beyond oil. Finance & Trade Signals: Citibank plans to open a representative office in Georgetown, and credit card settlements hit US$356m so far in 2026. Legal/Maritime Accountability: Court sets Oct 19 for a ruling on “abuse of process” in the MV Barima disaster murder case. Tourism Jobs Perception: GTA and THAG urge youth to see tourism as a real career path, not “menial” work.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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3 hours ago

CTO taps Beverley Wilson to lead tourism research

AGP

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Sep. 4, 2026

Guyana's Irfaan Ali to keynote CTO tourism conference in Georgetown

AGP

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Sep. 1, 2026

UHN Plus launches The Energy Post to cover energy across the Americas

AGP

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Aug. 20, 2026

Guyana to host cruise master class at SOTIC 2026

AGP


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How Japan is dealing with the Hormuz energy shock

How Japan is dealing with the Hormuz energy shock

Minister Steven Jacobs applauds GCA for cultivating Guyanese culture at Folk Festival funday

Minister Steven Jacobs applauds GCA for cultivating Guyanese culture at Folk Festival funday


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Sep. 10, 2026

VALLOUREC BREAKS GROUND ON A PRODUCTION LINE IN BRAZIL FOR A NEW LINE PIPE THERMAL INSULATION COATING TECHNOLOGY

GlobeNewswire, Inc.

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Sep. 4, 2026

Guyana President Irfaan Ali to Keynote CTO’s State of the Tourism Industry Conference in October

EIN Presswire

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Aug. 21, 2026

Caribbean Energy Week 2027 Set for July 13–15 in Guyana as Regional Energy Investment Accelerates

EIN Presswire

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Sep. 1, 2026

UHN Plus Media Network Launches The Energy Post, a New Digital Publication Focused on Energy in the Americas

EIN Presswire

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Aug. 20, 2026

SOTIC 2026 to Feature Cruise Master Class as Guyana Advances Cruise Tourism Ambitions

EIN Presswire

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Jul. 29, 2026

Quality Companies Expands Manufacturing Footprint Across Acadiana with Two-Site Investment

Louisiana Economic Development

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